Piramal, Oaktree slug it out as race for debt-laden DHFL intensifies

Lenders to meet today to decide on presentations by firms companies

The race to acquire troubled mortgage financer DHFL intensified after Oaktree Capital and Piramal made detailed presentations to lenders through the day.

Bank officials said they (bidders) had gone into exhaustive explanations, and the work might carry on into one more session before they finish work. SBI Caps, process advisor, also made a presentation.

The valuers – JLL and IBSA – are likely to present assessments at the next session on Saturday. All the offers have been made with several conditions, and the lenders will have to take a call by considering their net present value.

One banker privy to proceedings said the